Job description

At HSBC, the health and well-being of our employees remains of utmost importance. Many of our roles are permitted to work from home (in states in which HSBC is licensed to operate) until further notice. Upon resumption of normal operations, this role may be performed at our Jersey City, New Jersey office.

Support daily Equities settlement activity, possession and control and buy in processes. Ensure compliance with local regulation, fails resolution, and other operational processing.

Primary Responsibilities/Essential Functions:

• Support day to day processes/settlements and their timely resolution
• Daily monitoring of excess/deficits activity
• Support the Cash Equity / Equity Finance Front Office activities within a settlements capacity
• Review and action Possession and Control 15c3-3 activity
• Buy in processing; REG SHO
• Investigation and resolution of failing transactions
• Investigate & resolve cash and stock reconciliation issues
• Maintain excellent client service skills (Internal & External clients)
• Address settlement/position discrepancies; appropriate desk/Manager for prompt resolution
• Adhere to all rules, regulations and procedures that govern this role and organization

Decision-Making Responsibility

• Independent decision making abilities while engaging Senior Management at all times
• Effectively manage multiple staffs /responsibilities and escalate where appropriate
• Ability to apply Industry practices / mandates into BAU functions
• Indentify high risk functions ensuring strong controls are in place to mitigate risks

Management of Risk

• Each employee must be aware of the Operational Risk scenario associated with the role and acts in a manner that takes account of operational risk considerations.
• Each employee must ensure compliance, operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues.
• Each employee must promote an environment that supports diversity and reflects the HSBC brand.

Observation of Internal Controls

• Each employee must maintain HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators. Any failures to comply with the above should be reflected in year end performance assessments.
• Each employee must understand, follow and demonstrate compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business in which the jobholder is involved, specifically Internal Controls and any Compliance policy including, inter alia, the Group Compliance policy.

Requirements

Employment eligibility to work with HSBC in the U.S. is required as the company will not pursue visa sponsorship for these positions.

• Microsoft Excel (Pivot Tables; V-Lookup)
• Effective time management skills with the ability to meeting deadlines
• Advanced communication skills
• An overall knowledge of Equities and Fixed Income products
• Aggressive and quick learner who is able to multi-task
• Knowledge of ADP/BPS, DTCC, Obligation Warehouse, SmartTrack, Ascendis (Possession & Control)
• Experience working as Prime Brokerage trading support/operations
• Minimum of 4 years of Operations experience
• Minimum of a BA/BS degree or equivalent industry experience

As an HSBC employee, you will have access to tailored professional development opportunities to ensure you have the right skills for today and tomorrow. We offer a competitive pay and benefits package including a robust Wellness Hub, all in a welcoming, diverse and inclusive work environment. You will be empowered to drive HSBC’s engagement with the communities we serve through an industry-leading volunteerism policy, a generous matching gift program, and a comprehensive program of immersive Sustainability and Climate Change Initiatives. You’ll want to join our Employee Resource Groups as they play a central part in life at HSBC, including the development of our employees and networking inside and outside of HSBC. We value difference. We succeed together. We take responsibility. We get it done. And we want you to help us build the bank of the future!

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

HSBC is one of the world’s largest banking and financial services organizations. Our global businesses serve around 39 million customers worldwide through a network that covers 62 countries and territories. Our customers range from individual savers and investors to some of the world’s biggest companies, governments and international organizations. We aim to connect them to opportunities and help them to achieve their ambitions.